Mexico: Inflation rises in October
Latest reading: Inflation came in at 4.8% in October, which was up from September’s 4.6%. October’s reading was above market expectations and the Central Bank’s 2.0%–4.0% target range. The increase was largely driven by rising price pressures for food, beverages and tobacco.
Annual average inflation was unchanged at September’s 4.7% in October. Meanwhile, core inflation edged down to 3.8% in October from the previous month’s 3.9%.
Lastly, consumer prices rose 0.55% in October over the previous month, picking up from September’s 0.05% increase.